IRS releases 2024 retirement plan limitations
Cost-of-living adjustments to retirement plan limits for 2024 have been issued by the IRS in Notice 2023-75.
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IRS announces ERC Withdrawal Program
IRS announces simplified method for employers who have not yet received ERC refunds to withdraw claims that they now believe are ineligible.
U.S. charitable donations fell last year
Donations to charity fell to $499 billion last year, a 3.4% decrease from 2021.
State income tax law changes for the second quarter of 2023
A summary of state and local income tax updates enacted during the quarter ending June 30, 2023, which may impact current and deferred tax provisions
Rising interest rates put a spotlight on cash management for construction
Rising interest rates put a spotlight on cash management for construction contractors looking to reduce liquidity risk.
SECURE 2.0: Considerations to achieve your workforce and business goals
Employers that understand SECURE 2.0's new requirements and the pros and cons of adopting optional provisions can implement the act effectively.
FASB proposes guidance on crypto assets
Recently proposed FASB guidance would improve accounting and disclosure of certain crypo assets.
Required minimum distributions after SECURE 2.0
SECURE 2.0 changes the rules governing how and when certain retirement savers can withdraw money from their retirement accounts and IRAs.
Schedule K-3 questions and answers to recently released instructions
When Schedule K-3 instructions were released by the IRS, many pass-through entities feared compliance challenges. Here's how it played out.
Economic headwinds: Oil and gas sector
RSM examines what economic headwinds mean for the oil and gas sector, which is faring better than the overall economy.
10 issues that affect wealth preservation and what you can do about them
Wealth preservation issues and strategies for multigenerational wealth; how to prioritize grantor intent for future generations while minimizing taxes and reducing conflict.
Get ready for another round of supply chain bottlenecks
Just when middle market businesses where hoping for relief from supply chain disruptions, China's renewed economic shutdowns laying the groundwork from another round.
Beware of traps with paid time off policies
Some common paid time off (PTO) policy features cause taxable income to unexpected parties at unexpected times. Learn more here.
Inflation and the middle market
The economic growth and emboldened labor market of the past year require a different policy response than the previous two business cycles.
Industry spotlight: Insurance
Inflation is likely to increase the cost of claims for auto physical damage, property and catastrophe lines of business for years to come.
U.S. households are drawing down savings as the economy booms
After building up prodigious savings during the pandemic, American households are starting to spend that cash.